CMRZF (Commerce Resources) ROCE % : -175.61% (As of Jul. 2024)

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What is Commerce Resources ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Commerce Resources's annualized ROCE % for the quarter that ended in Jul. 2024 was -175.61%.

Commerce Resources ROCE % Historical Data

The historical data trend for Commerce Resources's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Commerce Resources ROCE % Chart

Commerce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-1.74

-1.34

-0.70

-0.96

-2.26

Commerce Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-1.11	-4.04	-1.43	-1.77	-175.61

Commerce Resources ROCE % Calculation

Commerce Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.225	/	( ( (53.465 - 1.078)	+	(56.365 - 0.347) )	/ 2 )
	=	-1.225	/	( (52.387	+	56.018)	/ 2 )
	=	-1.225	/	54.2025
	=	-2.26 %

Commerce Resources's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-82.54	/	( ( (56.048 - 0.342)	+	(40.832 - 2.532) )	/ 2 )
	=	-82.54	/	( ( 55.706	+	38.3 )	/ 2 )
	=	-82.54	/	47.003
	=	-175.61 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

Commerce Resources (OTCPK:CMRZF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Commerce Resources ROCE % Related Terms

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Commerce Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Commerce Resources Corp (OTCPK:CMRZF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

D7H0:Germany CCE:Canada

Address

789 West Pender, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.commerceresources.com

Commerce Resources Corp is a junior mineral resource company focused on developing the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favorable grade, and has demonstrated the production of high-grade mineral concentrates at high recovery. The Ashram Deposit also has a fluorspar component which could be a long-term supplier to the met-spar and acid-spar markets. The Company is focused on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the market.